About those VNRA membership numbers

[Vichy] NRA Memberships Bounce Back In 2018
The report, which was handed out during the group’s latest annual meeting, shows dues went from $128,209,303 in 2017 to $170,391,374 in 2018—an increase of $42,182,071, or 33 percent. It also shows contributions rose from $132,879,299 in 2017 to $165,075,288 in 2018—an increase of $32,195,989 or 24 percent. The rise in dues came ahead of the NRA announcing it had reached 5.5 million members, a record number.

Just as a thought exercise, let’s pretend that all those memberships were $45 annuals.

170,391,374 / 45 = 3,786,474.97

Maybe someone familiar with financial reporting can help me out here. Do multi-year (and life) membership dues paid up front get reported in full for the year in which the money was received, or is it “amortized” over the membership period for reporting purposes?

I’m trying to reconcile that dues number with the claim of 5.5 million members. There could be another 1.8 million members who made their payments in a previous year.

I do find it interesting that my 3.7 million figure matches the 3.7 million magazine subscribers found by Mother Jones.

‘Twould be nice if the VNRA simply issued a report of member totals broken down by type, and how many opted not to take a magazine subscription.

One thought on “About those VNRA membership numbers

  1. Skinnedknuckles June 3, 2019 / 2:18 pm

    When I was involved with a non-profit organization, we had to report all income received in the year it was received. We even had to report the full value of a multi-year grant in the year we received notification of the grant, even though we received the money annually spread out over the term of the grant, While that is not necessarily the same as membership payments, I suspect that they also have to recognize all payments for membership in the year it was received. For example, when I paid for 5 years membership, I suspect that they reported that full amount as income in the year I paid it and no income from my membership in the following 4 years. I also suspect that they recognize the full value of a life membership in the year it was committed, even if the member spreads the payments over several years. I am not a lawyer or accountant, so this has to be taken with a grain of salt, but I believe I am correct.

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